Key Highlights
- Market-making firm GSR debuts BESO, the GSR Crypto Core3 ETF, now trading on Nasdaq
- The portfolio includes Bitcoin, Ether, and Solana under active management
- Weekly portfolio adjustments driven by proprietary research signals with staking yield potential
- Annual management fee sits at 1%, consistent with actively managed fund structures
- Framework Digital Advisors partners with GSR as the designated investment adviser
GSR, a cryptocurrency trading and market-making enterprise operating for more than ten years, has introduced its inaugural exchange-traded fund. The vehicle, known as the GSR Crypto Core3 ETF, began trading under the BESO ticker symbol on the Nasdaq exchange.
GSR Launches First ETF, Ticker BESO
GSR announced the launch of its first ETF, ticker BESO, an actively managed product investing in Bitcoin, Ethereum, and Solana with a 1% fee; James Seyffart expects basket ETFs (active or passive) to be among the fastest-growing segments in… pic.twitter.com/o7lTQYKFDx
— Wu Blockchain (@WuBlockchain) April 22, 2026
Investors gain access to three major digital currencies through a single investment vehicle: Bitcoin, Ether, and Solana. The fund operates under an active management structure, where portfolio managers determine asset weightings rather than following a predetermined index.
According to GSR, the fund adjusts its holdings on a weekly basis. These allocation shifts rely on what the company describes as “research-driven signals,” although specific methodological details remain undisclosed to the public.
The investment vehicle charges a 1% yearly management fee. This pricing aligns with actively managed funds rather than the lower-cost passive options that represent the majority of ETF offerings.
A distinctive component involves staking reward generation. The fund has the ability to capture yields from compatible blockchain networks when holding qualifying digital assets. This capability has emerged in select crypto ETFs, including BlackRock’s iShares Bitcoin Trust.
Framework Digital Advisors assumes the role of investment adviser for the fund, collaborating with GSR on product management.
GSR CEO Xin Song emphasized the firm’s evolution from trading operations to investor products. “GSR has spent over a decade building efficient crypto markets, and with Core3, we are extending that expertise into a product accessible to a broader range of investors,” he said.
Asset Selection Rationale: Bitcoin, Ether, and Solana
GSR explained the three-asset composition reflects distinct categories within cryptocurrency markets. Bitcoin functions as a macro-oriented asset, comparable to how investors position gold in portfolios. Ethereum and Solana serve as foundational blockchain infrastructures powering practical applications including stablecoins and tokenized financial products.
The majority of crypto ETFs trading in the United States concentrate on individual assets, particularly Bitcoin. Multi-asset basket funds have emerged in recent months, with Core3 joining this developing category.
Andy Baehr, Managing Director of Asset Management at GSR, explained the fund targets three primary investor questions: which assets to allocate toward, methods for generating returns during holding periods, and strategies for adapting to market movements.
Strategic Growth Beyond Trading
The ETF introduction represents part of GSR’s broader expansion beyond its trading operations. During March 2026, the company acquired two firms — Autonomous and Architech — to strengthen its advisory capabilities in token strategy and project development.
GSR recently committed capital to Libeara, a tokenization platform supported by SC Ventures. This investment demonstrates increasing focus on blockchain-powered financial infrastructure development.
The Crypto Core3 ETF has commenced trading on Nasdaq with the BESO ticker symbol.
